He oversees its international investments and played an instrumental role in SoftBank’s recent $100 million investment in events analysis company Banjo, one of its largest investments in a U.S. startup so far.

His new appointment, which will be effective June 19, is part of SoftBank’s effort to transform itself from a Japanese company to “a global business which will strive to create sustainable growth for the very long-term,” the company said in a statement.

SoftBank also said it will change its name to SoftBank Group Corp to reflects its position as a holding company with international investments and consolidate all company assets, including SoftBank Mobile Corp. and investments in Yahoo Japan Corporation and Alibaba Group, under the name SBG.